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Thread: Looks like the Hobbit film may be jeopardy-This sucks

  1. #1
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    Looks like the Hobbit film may be jeopardy-This sucks

    Looks like new line cinema didn't pay what they were suppose to and are getting sued now
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    Tolkien Estate Sues New Line Cinema
    Monday, February 11, 2008 6:32:45 PM
    By ALEX VEIGA

    The estate of "Lord of the Rings" creator J.R.R. Tolkien is suing the film studio that released the trilogy based on his books, claiming the company hasn't paid it a penny from the estimated $6 billion the films have grossed worldwide.

    The suit, filed Monday, claims New Line was required to pay 7.5 percent of gross receipts to Tolkien's estate and other plaintiffs, who contend they only received an upfront payment of $62,500 for the three movies before production began.

    The writer's estate, a British charity dubbed The Tolkien Trust, and original "Lord of the Rings" publisher HarperCollins filed the lawsuit against New Line Cinema
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    in Los Angeles Superior Court. If successful, it could block the long-awaited prequel to the films.

    Robert Pini, a spokesman for Time Warner Inc.'s New Line, declined to comment.

    The films -- 2001's "The Lord of the Rings: The Fellowship of the Ring," 2002's "The Lord of the Rings: The Two Towers," and 2003's "The Lord of the Rings: The Return of the King" -- have reaped nearly $6 billion combined worldwide, according to the complaint.

    The estimate includes everything from box office receipts to revenue from sales of DVDs and other products.

    The plaintiffs seek more than $150 million in compensatory damages, unspecified punitive damages and a court order giving the Tolkien estate the right to terminate any rights New Line may have to make films based on other works by the author, including "The Hobbit."

    Such an order would scuttle plans by New Line to make a two-film prequel based on "The Hobbit." "Rings" trilogy director Peter Jackson has already signed on to serve as executive producer on the project, which is tentatively slated to begin production next year, with releases planned for 2010 and 2011.

    "The Tolkien trustees do not file lawsuits lightly, and have tried unsuccessfully to resolve their claims out of court," Steven Maier, an attorney for the Tolkien estate based in Britain, said in a statement. "New Line has not paid the plaintiffs even one penny of its contractual share of gross receipts despite the billions of dollars of gross revenue generated by these wildly successful motion pictures."

    Maier also claims the film studio has blocked the Tolkien estate and the other plaintiffs from auditing the receipts of the last two films.

    The lawsuit claims J.R.R. Tolkien established a trust through which he signed a film deal in 1969 with United Artists. After Tolkien's death, his heirs created the charity in the author's name.

    Meanwhile, the original agreement terms were picked up by Hollywood producer Saul Zaentz, who produced an animated film in 1978 based on the "Rings" books, and eventually licensed the rights to make live-action films to New Line.

    Lawyers for the plaintiffs said they have spent the years since the movies hit theaters trying to negotiate a settlement with New Line.

    Other disputes over the film's earnings have surfaced in recent years.

    In 2004, Zaentz sued New Line, claiming the studio cheated him out of $20 million in royalties from the film trilogy, which he optioned to New Line for a percentage of the movies' profits.

    He and the film studio reached an out-of-court settlement a year later.

    Jackson's production company also tangled with New Line in 2005 over profits from the films. A lawsuit was settled last year.
    Last edited by toys2cool; Feb 11, '08 at 6:13 PM.
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  2. #2
    150 Million plus from 6 billion.
    Looks like New Line was acting greedy.

    Pay the estate and move on.

  3. #3
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    Yes..pay the estate, you greedy blood suckers, 150 mil is nothing.

  4. #4
    money is the root of all evil. glad i'm middle class..lol

  5. #5
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    I'll make the obvious correction and say that the love of money is the root of evil.

    At all events, I hope these penny-pinchers get their priorities straight -- and their debts dealt with -- before our hopes for a Hobbit series come crashing down like a slain dragon from the sky.

  6. #6
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    Tolkien's estate has always been protective of the property, I'm surprised they let it go this long. New Line's record of paying isn't exactly stellar, just ask Peter Jackson about that, but they will settle, unfortunately its probably just been a negotiating ploy on their part. Until they want something (like Jackson on the Hobbit project) they don't seem to pay. They'll probably settle for less than they deserve with the carrot of future earnings on The Hobbit.



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